Other source include Development of Capitalism during the Industrial Revolution, An Investigation Of the Female-Male Wage Gap During the Industrial Revolution In Britain, Experts see that the 3rd industrial Revolution is upon us. How many jobs will be lost? , Population Change from Encyclopedia Britannica Online, America is Becoming a Third World Nation, Review of The Cambridge Economic History of Modern Britain, and United States History – The Struggles of Labor. The Industrial Revolution played a major part in the history of the United States of America when it was still ruled by Britain and also after the
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American Revolution. In fact, the economic importance of it was astonishing. Most economic historians agree that the Industrial Revolution is the most important event to occur in the history of humanity. L The Industrial Revolution started occurring at around the sass mark. This change was monumental for numerous amounts of reasons. Basically, it altered the lifestyle of anyone it affected. Multiple new technologies, such as mechanized help for textile creation, steam power and steam engines, and iron making are obvious reasons why multiple lifestyles were changed.
Smaller things such as machine tools, chemicals, glass, paper, and agriculture were also affected by the Industrial Revolution. The widespread nature of the Industrial Revolution and the things that it affected changed the world and allowed the population to increase rapidly. This was documented in England and the first Industrial Revolution allowed such low death rates that the population of less than 6 million to grow to almost 17 million in about 100 years. 2 The long lasting effects of the first Industrial Revolution can be felt even in today’s world.
However, the consequences of supplying such a revolution can be felt wrought the Earth, with examples of the negative effects being items such as disease, pollution, child labor, among the other bad effects of the Industrial Revolution. The pros of the Industrial Revolution led to increased, rapid development in almost all aspects of life, including production, population, and living standards to name a few. Many wealthy people soon grew more and more wealthy and non-wealthy people soon had more and more working hours.
However, even though the Industrial Revolution treated its factory workers with these horrible conditions, the technology and knowledge gained cause of the Industrial Revolution were invaluable. Technologies like the steam engine, cotton gin, spinning mule, and coke furnaces made rate of production much faster and work easier to do. This allowed the average income of the population to gradually grow. The increase of income was matched by the increase of population. This can be seen in Europe; Rupee’s population increased by about 300 million in just 100 years. This was caused by the products of the Industrial Revolution, which had decreased death rates to the point that the population was able to expand at such a rate. However, hose growths and benefits only were for the people in the middle class and higher. Those benefits did not do much for the working class, as they were poor and unskilled. Up to the year 1900, the united States had the highest job-related fatality rate of all the industrialized countries. 4 Child labor doubled between 1870 and 1 900 alongside with the decreased wages and increased working times of other industrial workers. Newly-invented machines were slowly taking the places of people, as the machines were doing the same job that people held but were doing them at an increased rate with a less cost to maintain. Because of this, capitalism was able to increase at a faster rate than it was before the Industrial Revolution. Capitalism started the Industrial Revolution through the means of funding factories, leading to changes in business through increased production, the request of raw materials, and the funding of new inventions and machines. These new machines gave greater advantages to rich employers since they were the only people who could utilize such funds to purchase and maintain these machines. They were able to increase their profits much faster and much more efficiently than domestic workers. Even though there was a larger work force, there were more machines taking jobs and worse working conditions for the work force with all profits going to the wealthy. The Industrial Revolution plays a major part in today’s world as well as it did in the past.
The Industrial Revolution changed the way our global economy was setup and incorporated factories and machines into everyday working environments. Today you can see the exact same scene, with more and more people falling into poverty because machines are slowly taking over jobs. The Capitalist system of economy, accelerated during the Industrial Era, is now he standard here in the United States and in other countries. Also, the Industrial Revolution has led to other revolutions of the sort, with experts saying that there have been numerous Industrial Revolutions, and some say that the third Industrial Revolution is descending upon us now. However, due to the nature of the original Industrial Revolution, which had technology production spiking while working conditions worsening, it is reasonably safe to say that any further Industrial Revolutions should try to be limited or at least should have an active attempt to oppress the negative effects related to an Industrial Revolution. As of today, people living in the United States of America are living in poverty. According to this report, the poverty rate for all Americans is at 1 5%, a high result. Because of the way the economic system is set up in America, some people are used in a fashion similar to the slaves, with “ justification” being that they are in debt or other similar reasons. In fact, “ The U. S. Now has the highest proportion of low-wage workers in the developed world, according to the Organization for Economic Cooperation and Development. “ 9 These facts are strikingly similar to those facts presented earlier in this paper tit the telling of the horrible living and working conditions the factory workers were facing.